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PM to launch Naya Pakistan Certificates that will give 11 percent returns

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Prime Minister Imran Khan will launch Naya Pakistan Certificates (NPCs) by the State Bank of Pakistan (SBP) for overseas Pakistanis today.

According to the details, Senator Faisal Javed said in his tweet said that:

He tweeted:

Faisal Javed said that the certificates will be made available for the period of 3 months to 5years while early encashment is allowed.

He added that no tax filing is required for Non-Resident Pakistanis (NRP) and only 10 percent withholding tax will be charged on profits.

‘Naya Pakistan Certificates are fully repatriable and no approvals required for remitting funds abroad,’ added Faisal Javed.

Earlier Prime Minister Imran Khan had launched the Roshan Digital Account project on September 10.

It should be noted that with the help of the Digital Roshan Pakistan Accounts Program, Pakistanis living abroad can easily invest in the country.

After the launch of the program, Pakistanis living abroad have the facility to open their accounts in 8 major banks of Pakistan while living in any country overseas.

PM Imran Khan in this regard said that he was content to take advantage of the Roshan Digital Account initiative, adding that Pakistanis abroad are benefiting from the Roshan Digital Account.


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Republic Desk

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